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Market NewsNewsFirst commercial diamonds from Lesotho's Mothae due in November, says Lucapa

First commercial diamonds from Lesotho's Mothae due in November, says Lucapa

Sydney-listed diamond producer and development firm, Lucapa Diamond Company, has commissioned a 1.1 million tonne/year treatment plant at Mothae, a mine in Lesotho, the company said in an announcement on October 22, miningmx.com reported.

First commercial diamonds are due from the mine in early November. Lucapa has a 70% stake in the mine with the balance owned by the Lesotho government. Staff at the bulk sampling operations at Mothae will be moved over to the new plant, said the miningmx.com report.

Lucapa Diamond posted a $4.2m loss after tax for the six months ended June 30 (2017: $1.1m) owing to higher corporate expenses and the delay of sales from Lulo, a mine located in Angola. The delay was in order the company could benefit from a potential change in marketing rules for Angolan diamonds. the the miningmx.com report said.

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